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Property profile & analytics
OFF-MARKET
Automotive properties

3771 Highland Rd Waterford, MI 48328-2328

3,430 SF 1.21 ac lot Built 1964
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1029464
Property summary
AI-generated overview

This exceptional 1.21-acre commercial property, located at 3771 Highland Road in Waterford Township, Michigan, presents a compelling redevelopment opportunity. Currently zoned B-1, the site boasts a 2,800 square foot building and significant road frontage—253 feet along the highly trafficked M-59 (Highland Road). The property's strategic location offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price is $375,000. The existing building provides a solid foundation for immediate use or potential renovation, while the ample land allows for significant expansion or new construction. This versatile property is perfect for entrepreneurs seeking a prime location to establish or expand their business. The 48328 zip code offers a strong demographic profile and convenient access to major transportation routes. This is a rare opportunity to acquire a substantial commercial parcel in a thriving Michigan community. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is a single-tenancy site.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1964
Total area 3,430 SF
Lot 1.21 ac (52,708 SF)
Zoning code BI
APN W -13-26-103-013
UPID US43-1029464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Waller Properties LLC · 6 yrs held
Waller Properties LLC
since 2020
3 recorded transactions
2020
Price N/A
2012
Price N/A
2008
Price N/A
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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